Senator Cynthia Lummis introduces the 21st Century Mortgage Act to include digital assets in mortgage eligibility assessments.
Quiver AI Summary
U.S. Senator Cynthia Lummis (R-WY) has introduced the 21st Century Mortgage Act, aiming to modernize the mortgage system by allowing government-sponsored enterprises to include digital assets like cryptocurrency in mortgage eligibility assessments. Lummis emphasized the need to accommodate young Americans, who increasingly rely on digital assets for wealth-building.
This legislation builds on a directive from the Federal Housing Finance Agency, advocating the acknowledgment of cryptocurrencies without requiring their conversion to traditional currency. Lummis noted the significant homeownership crisis among young Americans, as data shows homeownership for those under 35 is at historically low levels.
The full text of the bill is available on Lummis's official website. Further, statistics indicate that a notable portion of the population under 45 has embraced cryptocurrencies, reflecting a shift towards digital wealth management.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Cynthia M. Lummis Net Worth
Quiver Quantitative estimates that Cynthia M. Lummis is worth $14.9M, as of July 29th, 2025. This is the 71st highest net worth in Congress, per our live estimates.
Lummis has approximately $9.5K invested in publicly traded assets which Quiver is able to track live.
You can track Cynthia M. Lummis's net worth on Quiver Quantitative's politician page for Lummis.
Cynthia M. Lummis Bill Proposals
Here are some bills which have recently been proposed by Cynthia M. Lummis:
- S.2471: A bill require government-sponsored enterprises to consider digital assets in a mortgage loan risk assessment.
- S.2428: A bill to amend chapter 1511 of title 36, United States Code, to impose certain requirements on the National Education Association, and for other purposes.
- S.2207: A bill to amend the Internal Revenue Code of 1986 to reform the treatment of digital assets.
- S.2187: Pay Down the Debt Act
- S.2081: RISE Act of 2025
- S.1894: SPEED Act
You can track bills proposed by Cynthia M. Lummis on Quiver Quantitative's politician page for Lummis.
Cynthia M. Lummis Fundraising
Cynthia M. Lummis recently disclosed $344.6K of fundraising in a Q2 FEC disclosure filed on July 9th, 2025. This was the 248th most from all Q2 reports we have seen this year. 47.2% came from individual donors.
Lummis disclosed $122.5K of spending. This was the 436th most from all Q2 reports we have seen from politicians so far this year.
Lummis disclosed $1.3M of cash on hand at the end of the filing period. This was the 228th most from all Q2 reports we have seen this year.
You can see the disclosure here, or track Cynthia M. Lummis's fundraising on Quiver Quantitative.
